More consumers are signing up to a mortgage, as demand for home loans beat expectations in December, official data showed.
According to the Australian Bureau of Statistics, the number of home loans granted in December rose by 2.7 per cent in seasonally adjusted terms to 53,920.
The result exceeded forecasts by a fair margin, as economists surveyed by Bloomberg had expected the number of housing finance commitments to rise by 2 per cent in the month.
Total housing finance by value rose by 4.7 per cent in December, seasonally adjusted, to $30.60bn.
The value of investor lending increased 6 per cent in the month to $12.56bn.
Author
Quick Summary
Official ABS data shows 2.7% more consumers signing up to mortgages in December.
Associated image
Media
Categories
Primary category
Status
Published